Jackson Thornton Wealth Management LLC Takes $215,000 Position in CarMax, Inc. $KMX

Jackson Thornton Wealth Management LLC acquired a new stake in shares of CarMax, Inc. (NYSE:KMX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,144 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC raised its holdings in shares of CarMax by 6,129.3% during the second quarter. Avior Wealth Management LLC now owns 9,344 shares of the company’s stock valued at $628,000 after purchasing an additional 9,194 shares during the period. Gagnon Securities LLC raised its holdings in shares of CarMax by 3.9% in the 2nd quarter. Gagnon Securities LLC now owns 163,417 shares of the company’s stock worth $10,983,000 after acquiring an additional 6,067 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of CarMax by 13.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,678 shares of the company’s stock worth $1,571,000 after acquiring an additional 2,375 shares during the last quarter. Beaumont Asset Management L.L.C. acquired a new stake in shares of CarMax in the 2nd quarter worth about $520,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of CarMax in the 1st quarter worth about $1,753,000.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KMX. Royal Bank Of Canada lowered their target price on shares of CarMax from $81.00 to $59.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Robert W. Baird lowered their target price on shares of CarMax from $90.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Wall Street Zen lowered shares of CarMax from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. BNP Paribas Exane lowered their target price on shares of CarMax from $52.00 to $35.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. Finally, Evercore ISI restated an “in-line” rating and issued a $52.00 target price (down previously from $80.00) on shares of CarMax in a report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, CarMax has a consensus rating of “Hold” and a consensus price target of $51.75.

CarMax Trading Up 0.4%

Shares of KMX stock opened at $43.07 on Tuesday. CarMax, Inc. has a 52-week low of $42.34 and a 52-week high of $91.25. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.06 and a current ratio of 2.46. The company has a 50-day simple moving average of $54.21 and a two-hundred day simple moving average of $61.36. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 0.82 and a beta of 1.27.

CarMax (NYSE:KMX) last released its earnings results on Thursday, September 25th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.39). CarMax had a net margin of 1.98% and a return on equity of 8.51%. The company had revenue of $6.59 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. Research analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.